Economy Stagnates Worldwide; LED Packages and Bulbs Continue Price Descent, Says TrendForce

18 Mar

According to the latest research by LEDinside , a divison of TrendForce , China’s mainstream high- and mid-power LED package prices continue to drop in January 2019, although they have rather stabilized in February.

LEDinside Analyst Terri Wang explains that due to the continual stagnation of economy worldwide in January, suppliers continue to clear their inventories, with LED lighting packages generally seeing falls to various extents. Among these products, 2835-LED products have dropped relatively harder in prices ( up to 7~9%), with mainstream vendors lowering prices without exception. Furthermore, high 1-3W power ceramic -substrate products and 7070-LED products have also experienced a rather significant decrease in prices. Upon entering the February Lunar New Year holidays , traditionally a low season in sales, many companies have halted production temporarily, stabilizing most LED lighting package prices.

As for automotive LED packages, 4-chip and 5-chip LEDs still remain mainstream in headlight applications. The automotive LED market has entered into a valley period at the end of 2018, which persisted into January and February this year. All mainline automotive LED manufacturers’ revenues were negatively affected, with product prices lowered slightly by about 1-2%.

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